ROCIC’s annual Insurance Open Enrollment is once again upon us. Our insurance broker, Kevin Mathis with Brown and Brown of Tennessee, has provided us with several renewal quotes. It is always our goal to maintain optimal and reasonably priced healthcare coverage options for ROCIC employees and their families. Blue Cross and Blue Shield of Tennessee (BCBST) provided quotes again this year that offer optimal coverage and reasonable monthly premiums. The exact High Deducible Health Plan we had last year had about a 14% increase in premiums. The exact PPO plan we had last year is no longer an option, however, a very similar plan was available with an increase of about 9%. We looked at other carriers, but there were premium increases with them,
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Thus meaning, the premium costs you will be responsible for will be less expensive if you choose the HDHP as opposed to the PPO Plan. If you would rather have the PPO Plan instead of the HDHP, you have the option to buy-up and pay the difference of what ROCIC is already contributing toward the premium amounts for the HDHP. Also, since ROCIC isn’t paying 100% of the costs, employees still have the option to waive …show more content…
Providing you are eligible to have an HSA, and you have an open account with Health Equity, this equates to a $600 Employer Contribution to each employee’s Health Savings Account. Dental insurance will remain with Delta Dental of Tennessee, however, the premiums did increase slightly from last year. Vision insurance will remain with BCBST and the monthly premiums for vision will remain the same as last year. ROCIC will continue to pay 95% of the employee premium of the dental and vision insurances, and 40% of the dependent cost. This year, Brown and Brown is working on creating an easy-to-use website, HRconnection, for us to use during open enrollment. The idea is to eliminate paper and have each employee make their elections on this portal, click submit, and be done. We will be able to pull reports with each employee’s insurance elections and provide to the insurance carriers for enrollment. This website will be accessible to employees at all times and will also offer employees self-serve access to often-requested
Thus meaning, the premium costs you will be responsible for will be less expensive if you choose the HDHP as opposed to the PPO Plan. If you would rather have the PPO Plan instead of the HDHP, you have the option to buy-up and pay the difference of what ROCIC is already contributing toward the premium amounts for the HDHP. Also, since ROCIC isn’t paying 100% of the costs, employees still have the option to waive …show more content…
Providing you are eligible to have an HSA, and you have an open account with Health Equity, this equates to a $600 Employer Contribution to each employee’s Health Savings Account. Dental insurance will remain with Delta Dental of Tennessee, however, the premiums did increase slightly from last year. Vision insurance will remain with BCBST and the monthly premiums for vision will remain the same as last year. ROCIC will continue to pay 95% of the employee premium of the dental and vision insurances, and 40% of the dependent cost. This year, Brown and Brown is working on creating an easy-to-use website, HRconnection, for us to use during open enrollment. The idea is to eliminate paper and have each employee make their elections on this portal, click submit, and be done. We will be able to pull reports with each employee’s insurance elections and provide to the insurance carriers for enrollment. This website will be accessible to employees at all times and will also offer employees self-serve access to often-requested